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YES!!!!! Victory at last against the dark forces of New Line. Good thing MGM helped solve this conundrum by insisting PJ direct.
We don't need the Hobbit done like Beowulf or Aragon typical Hollywood style.

I noticed it will be a two-part movie. The longer the better. This tale needs to be told in great detail and love as only PJ can do.

"Ohh, maxi big da fish! Well dat smells stinkowiff"

"No time to discuss this as a supercommittee.... I am not a supercommittee!"

Welcome news indeed, though it says that Jackson will produce, not direct. Hopefully Ian McKellen will reprise his role as Gandalf. I don't think Ian Holm could pull off a younger Bilbo. 2010 seems so far away

Good news to me. I just hope Ian McKellen returns. You know, even if Ian Holm doesn't return as Bilbo, I say they cast James McAvoy (dude who played Mr. Tumnus in "The Lion, the Witch and the Wardrobe") in the part.

Jackson not directing is kind of a major blow to the film, IMHO. The dude better have a serious say in how the film goes down or else it's gonna suck.

and basically if they don't get McKellen and Holms, I don't even bother. PJ needs to make sure this film goes down properly or he's going to **** off millions of fans.

I trust he'll have a voice in the casting/directing process too. Or at least, I hope.

still, GREAT NEWS though!

"Woke up at 9.55am. Soon as I woke up, I looked at Suzanne and she looked at me. I said, 'Did I tell you about the immune system?' Suzanne starting laughing, I said, 'it's amazing.' She said, 'Not now.'"

Given Jackson's horsepower since LOTR, I think he will be a lot more hands-on in the process and have the ultimate say in the success of final product. I think his clout behind the scenes will be substantial.

If he's going to have his name on the product, I think he'll be mindful of the result and not let us (fans) down.